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Feb 5, 2013 3:00pm EST
that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a quorum on certain cases which could potentially weaken the commission. s.e.c. declined to comment to the newspaper on behalf of white who is not yet a commission official. back to you. >> thanks so much, eamon. reaction now with attorney andrew consultman who says this is a major problem, while a former s.e.c. official says the benefits of having the right people far outweigh the cost of some conflicts of interest. both join us right now for a discussion. good to have you on the program. robert, i think you make a good point. you want people with the experience and sort of know-how in some of these complicated cases to be working there, but how do you offset the potential for conflict of interest? >> well, that's right. here we have a clear case where there may be conflicts, but the s.e.c. has strong rules in place that prohibit voting on conflicts where the person directly worked on a case, but i think what's getting lost in this debate is t
Feb 22, 2013 3:00pm EST
comptroller here john lew upset about jpmorgan chase chairman and ceo jamie dimon in the wake of the london whale thing, and as a result of that they want to separate chairman and ceo on that board because of that problem, so is there a problem at disney that you can point to is what we're asking that prompts this discussion? >> well, clearly there are warning signs developing around the compensation, executive compensation. if you look at the say on pay vote over the last two years, the vote was 77% that supported that, and now it's dropped to 57%. we only have about 55 companies in the entire russell 3000 that have actually had less than 50%, and this company is approaching that strong boundary. the average vote on say and pay in america for russell 3,000 is 91%. so it isn't just calsters a voice here. you have a wide body of shareholders saying there's warning signs developing. again, you're looking back and saying, well, what could have been different the last three years? absolutely the financial performance is strong, but you want a continuing strong corporate governance structure tha
Search Results 0 to 1 of about 2